Note:

S 328-115(1) amended by No 41 of 2011, s 3 and Sch 5 item 103, by substituting the note at the end, effective 27 June 2011. The note formerly read:

Note:

For small business relief purposes, additional entities may be treated as being connected with you or your affiliate under section
152-48
.

S 328-115(1) amended by No 42 of 2009, s 3 and Sch 2 item 15, by inserting the note at the end, effective 23 June 2009. For application provision and transitional provision relating to choice, see note under s
152-10(1)
.

328-115(2)
The
relevant annual turnovers
are:

(a)
your *annual turnover for the income year; and

(b)
the annual turnover for the income year of any entity (a
relevant entity
) that is *connected with you at any time during the income year; and

(c)
the annual turnover for the income year of any entity (a
relevant entity
) that is an *affiliate of yours at any time during the income year.

328-115(3)
Your
aggregated turnover
for an income year does not include the following amounts:

(a)
amounts *derived in the income year by you or a relevant entity from dealings between you and the relevant entity while the relevant entity is *connected with you or is your *affiliate;

(b)
amounts derived in the income year by a relevant entity from dealings between the relevant entity and another relevant entity while each relevant entity is connected with you or is your affiliate;

(c)
amounts derived in the income year by a relevant entity while the relevant entity is not connected with you and is not your affiliate.

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